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Spare Change Anyone?

October 10th, 2009 at 05:05 pm

So, as many of you know, I LOVE using my own little forced savings practice. As a reminder, this is where I round my checks and deposits. If I write a check for $46.00, I make my registry entry for $50.00. If I deposit $200.00, I make my registry entry for $150.00.

As of last week, and as I reported on my blog, I "saved" over $2500.00 thus far this year.

Well, another thing I do is save all of my spare change, including the change I am constantly picking up off the ground/floor wherever I go. Tonight I exchanged them and to my pleasant surprise, saved $93.76!

Now, what to do with the money? I think the girls and I will take a trip to the store and use it for the local food pantry. Ironically enough, in the bulletine at Mass tonight they listed some needed items for the pantry being Jell-O, Peanut Butter, Soup, etc.

PS - My mortgage pre-payment plan is moving along nicely. How about yours?

6 Responses to “Spare Change Anyone?”

  1. LuxLiving Says:

    J.T., while I'm too anal to do the rounding up thing in my checkbook, I do think it's a good idea for those who can handle it.

    I do a similar 'round-up' though in my savings accounts. When I see they are sitting at 751.09? I'll send in $3.91 to get it up to $755.00. Of course, it never lasts as my next auto-draft & interest gets added in, but over time the balances do tend to start creeping upwards!

    Great going on using your saved change for the food pantry. They always can use more protein - tuna, other canned meats, and peanut butter.

  2. mooshocker Says:

    Nice job on the "rounding" Lux. Anyway you turn it, every little bit helps and if it "ain't there" you don't miss it! God bless.

  3. lizajane Says:

    A friend of mind used to do that to "force" herself to save money for a vacation every year. I have to balance mine to the penny so that would drive me nuts!

  4. creditcardfree Says:

    I have done fairly well paying extra on our home equity loan. The details are on my blog sidebar. We got sidetracked with a trip to Disney World and braces for my oldest daughter...all paid in cash. I'm about to start hitting it hard again very soon.

  5. dmontngrey Says:

    I think that's an excellent use of spare change! Smile DH was struggling over some "extra money" he had, but he just found out a coworker (that he doesn't know) lost her home in a fire this weekend. I'm very proud that he wants to give to them.

  6. frugaltexan Says:

    Good way to use your spare change Smile

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